[Brief Comment on Domestic Iron Ore: There is Room for Price Increase

Published: May 7, 2024 18:34

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[Brief Comment on Domestic Iron Ore: There is Room for Price Increase of Iron Ore Concentrate in Western Liaoning] The market transaction of domestic iron ore in western Liaoning is relatively slow, and the ex-factory price without tax of 66% wet basis is RMB 790-800/ton. According to SMM, a mine collapse accident occurred recently in Chaoyang City, and the local government stopped the supply of explosives on the 2nd of this month, resulting in the stagnation of production in some beneficiation plants...

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